Caring Cross Inc

Analysis

Caring Cross Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in February 2020, 6 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Caring Cross Inc reported income of $17.8m and spending of $4.8m, leaving 73% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.1m to $17.8m (+1450%), an average of +149% a year. The sharpest change came in the year to December 2023, when income rose by 495%. Over the whole period it spent 42% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Caring Cross Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Consejo Counseling and Referral Service ($17.7m), Christ Health Center Inc ($17.8m) and Gerald L Ignace Indian Health Center Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $391k (8.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $15.5m against liabilities of $984k, net assets of $14.5m. It reported 18 employees.